Indiaโs trade with BRICS nations has more than doubled to $417 billion in just 5 years, with exports to BRICS at $96 billion in FY26.
๐ Export Potential by 2030:
ASSOCHAM projects Indian exports to BRICS can reach $200 billion by 2030 through stronger SouthโSouth cooperation.
๐ Key Sectors for Indian Exporters:
Engineering goods & auto components
Pharmaceuticals & healthcare
Chemicals & textiles/apparel
Electronics & renewable energy
Gems & jewellery, agri & marine products
Digital services & IT solutions
๐ข๏ธ For Importers:
BRICS supplies 42% of Indiaโs imports โ offering better access to energy, critical minerals, technology, and capital goods, while helping diversify sourcing beyond traditional markets.
๐ก Business Benefits:
Wider market access across Asia, Africa, Gulf, Latin America & Eurasia
Potential for local currency (rupee) settlements, reducing dollar dependence & transaction costs
Stronger supply-chain & technology partnerships
Opportunities in production networks & value chains
With India hosted the 2026 BRICS Summit, industry bodies like FIEO are urging focus on easier market access, faster customs, reduced non-tariff barriers, and smoother cross-border payments โ all good news for MSMEs and traders.
๐ Now is the time to explore BRICS markets for your export/import growth!
R.N.Muralidaran
91 9944430392
ceo@sowexim.com
www.sowexim.com
Copyright ยฉ IndieMa 2026 | Infopluto Media Works Pvt Ltd โ All Rights Reserved